Cost of Living
Background
The Shadow Treasurer asked the Treasurer to quantify the percentage increase in food costs since the Albanese government took office.
Question
The member asked the Treasurer to state the percentage rise in food prices during the current government's term, framing it within the context of a cost-of-living crisis.
Answer from Jim Chalmers
The Treasurer stated that food inflation over the last year was 3.0 per cent, compared to 5.9 per cent in the final year of the previous government. He argued that the opposition had opposed measures such as tax cuts, energy bill relief, and cheaper medicines. He noted that the cost-of-living index showed lower growth in living costs across all household types compared to the time of the election, indicating progress in reducing inflation.
Summary in reported speech - not a transcript. AI-generated, so check the source.
Read on OpenAustralia · Official Hansard (APH) · 1 point of order raised